FORTIO CO. LTD.Status: Completed investment
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Who is our customer
Fortio Co. Ltd. ("Fortio") is a special purpose vehicle used as part of a COVID Liquidity Injection Plan ("CLIP") that is set up to provide liquidity support to portfolio companies of Falcon House Partners Indonesia Fund I (the "Fund") in which FMO is an existing investor. As such, the structure functions similarly to a quasi-annex fund or preferred equity facility to the Fund.
What is our funding objective?
FMO’s funding aims at supporting the Fund's portfolio companies that are affected by the COVID-19 pandemic.
Why do we fund this investment?
The investment will fill a financing gap and support decent work and economic growth.
What is the Environmental and Social categorization rationale?
The investment is considered E&S Category B, as the Fund has mainly invested in brownfield stage operating companies in sectors with medium/low E&S risks e.g. retail, F&B, hospitality, healthcare, which only trigger IFC Performance Standards PS 1, 2, 3 and occasionally 4.
- Infrastructure, Manufacturing and Services
- Effective date
- End date
- Total FMO financing
- USD 6.00 MLN
- FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)